Forex: breakout USD/CHF, will Swiss franc reach the parity with US dollar?

Swiss franc could reach the parity with US dollar soon, the USD/CHF exchange rate just broke its bearish channel and it seems ready to start a new really to end the 2017 strongly.

Best news scheduled by economic calendar talk about FED and SNB decisions about interest rates: the Federal Reserve will probably increase its rate of a quarter point, whereas Swiss National Bank is going to confirm its negative rate to -0.75%. This divergence realize itself good conditions for a bullish reaction of US dollar against Swiss Franc.

USD/CHF: technical analysis

The bearish channel shown by H4-timeframe chart appears on daily-timeframe as a consolidation phase just broken. Last night USD/CHF bounced on the resistance of the channel, making it a dynamic support and now the price of the major could start a new bullish phase.

Possible targets are next resistances of 0.9947 and the psychological level of 1.0000, above which the price could start a new bullish trend in early 2018. On the contrary, a retracement under 0.9845 could cancel this outlook or procrastinate the rise of the price.

This is my current position on USD/CHF: